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Procurement Outsourcing

Procurement service providers offer you the ability to improve spending coverage, reduce costs for goods and services, employ industry best practices, leverage the latest procurement technologies and streamline source-to-pay processes, all without taking on the risks and assets required to achieve the desired results.

The issue has identified various gaps in enterprise procurement strategies. Thus these factors strongly suggest that even the largest enterprises suffer from inadequate spend coverage and fragmented, under-leveraged.

An important question which arises is

Why Outsource Procurement?
An enterprise should outsource a procurement activity if it cannot sufficiently perform the process internally or if the process does not support the company's competitive differentiation.
Hence if used wisely, procurement outsourcing can augment overall supply management strategies and enable enterprises to reduce their cost structures, better control total spending, and improve operation.

Here are some service providers for your consideration:

GSB Supply Corp.: GSB Supplycorp provides a customisable Outsourced Procurement solution that delivers best practice procurement and lets you focus on their core business competencies.
ICG Commerce: Procurement Outsourcing: Extending procurement capabilities while lowering costs through outsourcing.

Procurement Outsourcing in the news

Industry Faces Challenges in Government Contracting - Washington Technology
Buyers need sellers, and the government has been the biggest buyer in the world, spending more than $500 billion in 2008. Representing some of the recipients of the $500 billion is Alan Chvotkin, Executive Vice President

Counsel for the ...

Sunoco recruits EquaTerra to study outsourcing - Philadelphia Business Journal
Sunoco Inc. has hired EquaTerra , a consulting firm based in Houston and London, to explore the possibility of outsourcing parts of its human resources, finance, information technology, accounting and procurement functions, a spokesman for the ...

PhillyDeals: Sunoco considers outsourcing local jobs - Philadelphia Inquirer
Sunoco Inc. , the Philadelphia-based oil company, says it

s paying EquaTerra Inc. , a Houston consulting firm, to recommend whether Sunoco should

outsource

information technology, accounting, personnel, and procurement jobs from its Center City ...

Sunera signs a new deal with ISV - an alternate to outsourcing - PRLog (free press release)
PR Log (Press Release)

– Mar 08, 2010 – Sunera Technologies (Sunera) a Michigan Corporation and a pioneer in enabling Technology and Services companies worldwide announces addition of a new ISV customer based out Massachusetts under its unique ...

Coming soon: New guidelines on which federal jobs can be outsourced - GovExec.com
The Office of Management and Budget plans to release new guidance later this month that will help federal agencies define which tasks should be performed by the government and which are suitable for outsourcing, according to the Obama administration ...

How outsourcing can cost you time and money - Sydney Morning Herald
In a recent UK case, BSkyB was awarded a

£200 million interim damages payout against its outsourcing vendor as a result ... Investing in procurement. Interviewees were asked how they selected teams for sourcing projects, and less than one third of ...

’ Document Outsourcing Forecast Indicates Market is ... - pressreleasepoint.com
(Weymouth, MA) March 09, 2010 . . . InfoTrends has just released its Document Outsourcing Forecast for 2008

– 2013. The document outsourcing market is expected to start to bounce back as the effects of the economy diminish, with revenues beginning ...

Author Robert Rusoff To Speak at Global Import Training ... - PRLog (free press release)
... winning series presented by industry experts and certified by the Institute for Supply Management, Dallas, will be available by webinar/seminar for the first time and will feature author and international procurement expert, Robert Rusoff on ...

Raytheon Announces Executive Appointments - MSN Money
Raytheon Company RTN announced three new executive appointments today.

Rick

s expertise in technology, his strong customer focus and operational excellence have been instrumental in making Raytheon a world leader in training services and mission ...

s corporate news direct from Michigan businesses - MLive.com
... Product Development Center in India 3. IT Cosourcing (ITC): Providing alternate to Outsourcing, helping IT leaders with ability to have better control, see greater value from their India Initiatives and 4. Business Process Management (BPM ...

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